Option E4!c[/30x](Instruction Code) (Additional Information)| Option E |
4!c[/30x] |
(Instruction Code) (Additional Information) |
Optional
This field specifies instructions to be used between
One of the following codes must be used (Error code(s): T47).
| CHQB |
This transaction contains a request that the beneficiary be paid via issuance of a cheque. |
| CMSW |
This transaction contains a cash management instruction, requesting to sweep the account of the ordering customer. |
| CMTO |
This transaction contains a cash management instruction, requesting to top the account of the ordering customer above a certain floor amount. The floor amount, if not pre-agreed by the parties involved, may be specified after the code. |
| CMZB |
This transaction contains a cash management instruction, requesting to zero balance the account of the ordering customer. |
| CORT |
This transaction contains a payment that is made in settlement of a trade, eg, foreign exchange deal, securities transaction. |
| INTC |
This transaction contains an intra-company payment, ie, a payment between two companies belonging to the same group. |
| NETS |
This transaction contains a payment that should be settled via a net settlement system, if available. |
| PHON |
This transaction requires the beneficiary to be contacted by telephone and should be followed by the appropriate telephone number.This code is meant for the last financial institution in the chain. |
| REPA |
Payment has a related e-Payments reference. |
| RTGS |
This transaction contains a payment that should be settled via a real time gross settlement system, if available. |
| URGP |
This transaction contains a time sensitive payment which should be executed in an expeditious manner. |
| OTHR |
Used for bilaterally agreed codes/information. The actual bilateral code/information needs to be specified in Additional Information. |
Additional Information is only allowed when Instruction Code consists of one of the following codes: CMTO, PHON, OTHR and REPA (Error code(s): D66).
In each occurrence of Sequence B: when this field is repeated, the same code word must not be present more than once with the exception of OTHR. The code word OTHR may be repeated (Error code(s): E46).
In each occurrence of sequence B: when this field is used more than once, the following combinations are not allowed (Error code(s): D67).
| CHQB |
with |
CMSW |
| CHQB |
with |
CMTO |
| CHQB |
with |
CMZB |
| CHQB |
with |
CORT |
| CHQB |
with |
NETS |
| CHQB |
with |
PHON |
| CHQB |
with |
REPA |
| CHQB |
with |
RTGS |
| CHQB |
with |
URGP |
| CMSW |
with |
CMTO |
| CMSW |
with |
CMZB |
| CMTO |
with |
CMZB |
| CORT |
with |
CMSW |
| CORT |
with |
CMTO |
| CORT |
with |
CMZB |
| CORT |
with |
REPA |
| NETS |
with |
RTGS |
For example:
| Valid |
Invalid |
|
|
|
|
|
|
|
|
|
|
Code REPA indicates that the payment is the result of an initiation performed via an e-payments product between the customers. This code is intended for the beneficiary's bank who should act according to the specifications of the e-payments product.
To facilitate the receiving bank's processing when multiple codes are used, the codes must appear in the following order:
instructions for the receiver of the message (CMSW, CMTO, CMZB, INTC, REPA, CORT, URGP)
codes impacting the routing or composition of the resulting payment message (NETS, RTGS)
codes containing instructions for one of the following parties in the transaction chain (CHQB, PHON)
information codes (OTHR)
